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Serious Sinkie Economy Turning Flaccid after Erection!

Singapore gold sales skyrocket on safe-haven demand​

By Minh Hieu

Sun 5/11/2025, 07:48 pm (PT)

Gold dealers in Singapore have reported a surge in sales of gold bars and coins this year as global economic uncertainty spurred a rush for safe-haven assets.
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Singapore gold sales skyrocket on safe-haven demand

Demand for gold bars and coins in Singapore rose 35% in Q1, 2025. Illustration photo by Unsplash

Gregor Gregersen, founder of The Reserve, a high-capacity vault for gold and silver storage in Changi, said some ultra-high-net-worth individuals are buying S$60-70 million (US$46-54 million) worth of physical gold.

"They're saying, ‘I'd rather... get physical gold, put it in a safe place, and essentially reduce my risk’," he said, as quoted by CNA.
 
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